MANAGEMENT STATEMENT REGARDING
COMPLIANCE WITH CERTAIN PROVISIONS OF THE INVESTMENT
COMPANY ACT OF 1940
-------------------
We, as members of management of the Pillar Funds (the "Trust"), are responsible
for complying with the requirements of subsections (b) and (c) of Rule 17f-2,
"Custody of Investments by Registered Management of Investment Companies," of
the Investment Company Act of 1940. We are also responsible for establishing and
maintaining effective internal controls over compliance with those requirements.
We have performed an evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of June 30, 2000.
Based on this evaluation, we assert that the Company was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of June 30, 2000, with respect to securities reflected in the
investment account of the Company.
SUMMIT BANK
By:
/S/ RICHARD E. MANSFIELD, JR.
-----------------------------
Richard E. Mansfield, Jr.
Senior Vice President
